The Southern Nevada Real Estate Show

Wesley Knight 0:00
This is a KU NV studios original program. You're listening to special programming brought to you by ragana Cooman, Henry of Coldwell, banker, Premier Realty. The content of this program does not reflect the views or opinions of 91.5 jazz and more the University of Nevada, Las Vegas, or the Board of Regents of the Nevada System of Higher Education. You

Regana Kooman Henry 0:37
You welcome to the Southern Nevada real estate Show. I'm your host, ragana. I am a real estate agent and broker, associate with Coldwell Banker Premier Realty. And I've been a licensed real estate professional since 1991 I am also a full time licensed real estate professional. That's right, no other job except real estate for all these years, some of my accomplishments are I am a quality service award winner. I am a member of the Veterans Association of real estate professionals. I have assisted in all types of real estate transaction over the years, from first time buyers to experienced sellers, and also corporate buyers and sellers transferring in and out of Southern Nevada. Later on in the show, I will go over some important information for buyers and sellers, including how as a seller, you can get needed repairs and improvements done on your home before your home even hits the market for showings to potential buyers, without you having to worry or stress about paying for the repairs and or Home Improvements until the home is sold, I will be talking about why it's important for you as a home seller to get together with me to discuss why your home has not sold. If your home is let's say, for example, expired, off to market with another agent, without attracting the right buyer for your home, and also erasing the myth that could be in your mind that you need a lot of money for a down payment. And also erasing the myth that you have to have had never owned a home to take advantage of the first time buyer programs out there, yes listeners, once again, you will have an abundance of current and helpful information regarding the Southern Nevada real estate market from me, ragana Cooman, Henry with Coldwell Banker Premier Realty. So how's everybody doing today? Good morning to everyone, and welcome to my show. And I'm so so thrilled to say that this year makes three years that I've had my show airing on 91.5 the jazz and more station, and it has been such a blast to have this show and to inform you the listeners, about everything happening for real estate in Southern Nevada. I love what I do. I love sharing all my information and wealth of knowledge with you at home, listening to me every third Sunday morning at 8:30am and it's never a dull moment regarding real estate here in Southern Nevada, with all the new construction, the new communities being developed, we have so many beautiful communities here in Southern Nevada, including golf course communities, communities with man made lakes, community parks and recreation, many, many retirement communities, and so much more right here in Southern Nevada, there truly is something here for everyone. I love it. Here I moved from upstate New York back in 1990 never looked back. And I really don't miss that cold below zero weather. So for more information, my number is 7025, 90, 612, 61267, any information at all you need about Southern Nevada again, my number is 702-596-1267 now, Southern Nevada has such a tremendous, tremendous growth of population, with people relocating here from all 50 states and from all over the world as well, and being in the business full time for over 30 years, I've had the tremendous opportunity to have helped so many people, not just here in all 50 states, but just about everywhere you can think of around the world, someone always has an interest in Southern Nevada, Las Vegas area. Now, some of you out there may think that you need a large down payment, because let's face it, long time ago, people said, Well, I never could buy a home unless. Put at least 20% down Well, I'm here to tell you that you do not have to have a large down payment like 20% or greater. As a matter of fact, there are some down payment assistance programs that contribute, yes, contribute towards the down payment. And there are some first time home buyer programs out there to assist you so that you do not have to have a lot of money out of your pocket. Now you may think, in order to qualify for a first time buyer program, you have to have, let's say, never purchased a home ever before. And this simply is not true, in order to qualify for a first time home buyer program, you just need not have purchased a home in the last three years. Also, please, please take advantage of your VA eligibility, because you vets. You don't even need $1 you don't need nothing down. No down payment is needed now. I'm sure you have seen, also, on another note, all the new construction being built all over town. Well, there is plenty, plenty of opportunity with getting a below market interest rate when you purchase a new construction home. That's right, I have seen, just a couple of weeks ago, a new community where they were actually offering to buy the interest rate down to 3.99% fixed rate for 30 years, not adjustable fixed rate. That's right now, when you go and look at new construction homes, it's important that your realtor, such as myself, accompany you on your first visit, so that the new home community knows that you have buyer representation, because the realtors that work at the new home community, they represent the builder, not you. So if there's any issues you know there, they'll be nice, they will smile at you, and they'll do the best they can, but at the end of the day, they're having you sign a paper that says that you understand that they represent the builder and not you. So make sure you know if you plan on wanting to look at new construction homes again, my number 702-596-1267, that. 702. 702-596-1267. I have worked mainly with all the national Builders here in town, so I can guide you in the right direction. Who's offering incentives and who isn't? Who's buying down rates right now, which is really very important to many people, and I have decades of experience with representing buyers purchasing in new home communities. And I have information and know, again, which builders are giving what types of incentives. And again, my number is 702-596-1267, if you'd like to get more information and make an appointment that is my number that you can get a hold of me, and now I'm licensed here in Nevada. However, I can help you in all 50 states, all 50 states, if you are thinking about purchasing or selling real estate in another state other than, you know, Nevada, and I can refer you to a real estate professional, even if it's out of the country. I make it simple and easy for you, so you don't have to find a real estate professional on your own. And the beauty of this, I stay in touch with that agent and that company to make sure that everything's going well, and stay in touch with you to make sure everything's going well with the transaction. And on another note, for all you listeners out there that have heard me talk about the program that allows sellers to have repairs and improvements done on their home up front before the home even goes on the market to the public, and the seller does not have to pay for the repairs or improvements until the home is sold and closes. That's right, not until the home is sold, in case someone listening is listening for the first time, this program is for anyone that wants to sell their home for the top market price. However, let's say they don't have the money up front to make sure that the home looks and functions at its best in order to attract someone to pay top market dollar. Now on another note, is there any of you out there that had your home, let's say on the market for a long time, like months and months, and your home expired like your contract expired with your current realtor, and it expired off the market without attracting a buyer. Well, if this has happened to you and your. Feeling maybe a little bit discouraged. Why did this happen? My number again, it's 702-596-1267,

so that we can get to the bottom of why your home didn't attract a buyer while on the market for such a long period of time, and then make a detailed plan together of turning things around in order for your home to successfully attract a buyer. Now I'm very, very detailed when it comes to marketing your home in order to attract the right buyer. I know what it takes to get a home sold. I have very, very keen instincts when I evaluate someone's home in order to know how to, let's say, stage the home to attract a buyer, and also by calculating the correct market price range of the home, so that the home starts off on the right track of being priced correctly in order to attract that right buyer that is willing to pay the market value for your home. And for more information on this, you can reach me at 702-596-1267, now there may be some of you asking yourself this morning, is this the right time to purchase or sell a home? And the answer to that question is, everyone's situation is different. You have questions and I have answers, right? So for a one on one consultation, you can reach me at 7025, 96, 12679, 1267, now for one of the most important parts of my show, let's move on for the stats that I do give every single month for the previous month. So I'm going to give right now the stats for April last month for Southern Nevada. And here goes. There were 2174 single family homes that sold in April. 480,000 was the median price of homes that sold. There were 3663 new single family home listings. $534,900 was the median price of new single family listings. Now, $567,000 is the median price of all available single family home listings, and both new and not new on the market, 60.3% 60.3% of sold single family homes went from available to under contract with a buyer in 30 days or less. Now let's switch it over to town homes and condos. We're done with a single family now we're switching over to town homes and condos. So there were 544 townhomes and condos combined that sold $302,700 is the median sold price of all townhomes and condos combined that sold. 1015 is the number of new condo and townhome listings. $296,834 is the median price of all new condo townhome listings. And 2390 is the number for all condos and townhomes available combined, both new and not new for that month on the market. And $284,250 is the price of all available townhomes and condos, both new and not new on the market, 52.9% of all condos and townhomes went from available to under contract with the buyer in 30 days or less. Now I have a heartfelt story to share with you listeners this morning. Very heartfelt. Okay, you know, a few weeks ago, I had the opportunity to help a first time buyer with the purchase of a home. And now this buyer, he was a very young veteran in his 20s, still going to college, even, and working all at the same time. Hard working young man, he was so happy and appreciative, and he was so deserving of a home. And it's moments like these I get teary eyed that confirms what I do for a living has a purpose, and that purpose is to help as many people with achieving their dream of home ownership. And on another note, now many of you listeners out there may be confused with all the variations of political happenings right now, and if you were to ask me, there is. No one size fits all. Answer. What I do know is that there are many, many people that are still purchasing homes as well as selling their homes. Okay, and real estate will always be a safety net for people to have the best chance for added income and also for generational wealth, with owning your own home versus paying a landlord for renting their home and realizing no money only loss of money because your hard earned money isn't going into something that would give you any return on your money spent in rent. And as time goes by, the real estate market will always shift. We're in an ever shifting market that's all 50 states. Listen, I've been a full time licensed real estate professional for over 30 years, and I have seen the housing crash when prices really went down. I wasn't I've witnessed the comeback when prices flew through the roof, doubling and even tripling and beyond in price. The fact of the matter is that real estate is tangible. The good thing about it is you can hold on to the property long term, and write out any housing market there is until the prices are close or above what you would want to sell it for. Your home's equity grows as time goes by and after that, you can sell for profit. You can also rent the home out for monthly income. Plus you can eventually refinance and turn your 30 year loan into a 15 year loan to pay off your mortgage early. You can also get set up on what we call a bi weekly payment, where you can save several years of interest so that the mortgage loan is paid off a lot sooner than 30 years. For more information on this, you can reach me at 702-596-1267 that's 702-596-1267 now, if anyone is looking to sell their home. However you may be, you keep procrastinating. That's the only word that comes to my mind, saying, Not today, not tomorrow, not next week, not next year. And you may think that you know it's okay to sell your home when all this, let's say all the stars align, and a little voice inside your head says, Steve or Mary, or whatever your name is, now is the time to sell your home. Well, I tell you, that is not how it works in the real estate world or variation of things in life. To be honest, it works by you as the homeowner, keeping track of the market, and then figure out if the market is continuing to go up, or is it kind of leveling off. You know, are more homes coming on the market, meaning there is now more competition. You know, are average times on the market getting longer. And you then have to think to yourself, am I just being lazy because I don't want to move? Do I not want to inconvenience my tenant? If the home you're considering selling happens to be a rental home, and any excuse you have can cause you not to get the top market price you could receive if it wasn't for all your excuses a why now instead of an indefinite later time, and the same thing would apply if you are procrastinating a purchase of a home. Works the same way, instead of looking into your financing options and working the numbers with the lender to see if it makes sense to purchase now instead of later, and I am here for you. There is no such thing as a bad question. Listen, I have talked to sellers that have owned their home for a long time and have no idea that their home has doubled or even tripled in value. For example, I have talked to sellers in the past that purchased their homes for under $200,000 way back then, can't get a home for 200,000 now, not in the southern Nevada, unless we go out, you know, to the rural areas. And now that same $200,000 or less home is now worth over $500,000

Yes, that's right, and the examples I can give you are endless. So many of you are sitting on your retirement funds right now and you're sitting on that. From owning some form of real estate and you never had a market report done on your home. Now for a market report, no obligation. My number is 702-596-1267, that 702-596-1267, and if you would like an appointment to see how much equity you actually have in your home. Retirement for some of you, could be possible sooner than you think, because of those equity gains in your home over time and again, my number is 702-590-6126, 25961267, and lastly, I have a couple more, you know, heartwarming stories about over the years, selling a homes to clients that were just so appreciative. I I know I mentioned it, but some people may not have heard that show where I did. So here goes. I had a first time home buyers from California, many, many years ago, but it stuck in my mind. I met them to give them the key to their house, to their new home, and in front of their home that evening, when the wife got off at work, I met with her in front of the home, let her open the door to her new home. We walk in, I'm behind her. She looks at me, tears in her eyes. She says, I have meaning. Me. I have the most amazing job in the world. And that just brought me to tears. I was like, Thank you, you know. I was really, really overwhelmed by her response to walking in her her home, you know. And then the other story, of course, with the the gentleman, he was in there his 90s, buying his first home ever in his early 90s. Moved from Illinois. Wanted to get out of the cold, you know. He moved to I sold him a home in Boulder City. He wanted to live in Boulder City and to learn languages. In his early 90s, he was still driving very sharp, sharp individual. Mentally, he was very sharp, and that's what he did. And he led his life, and he he spent his the rest of his life. Didn't have much time, but the last two, two to three years, he did what he wanted to do. So it's never too late. You're never too young. You're never too old. And this concludes our show for this morning. And thank you so much for listening to my show. And I am ragana Cooman, Henry with Coldwell Banker Premier Realty, your host for the Southern Nevada real estate show that airs every third Sunday of the month at 8:30am my number is 702-596-1267 that's 702-596-1267 and my license number is BS, 27880, you can follow me on Facebook, Instagram, Tiktok and YouTube. Thank you so much for listening to my show, and I wish Everyone listening a great Sunday And a great week. You